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Friday, June 21, 2024

Lagos Govt. disburses N16.63bn to 5,886 retirees as pension benefits

The Lagos State Government has disclosed that it paid over N16 billion to 5,886 retirees as pension benefits in the last one year, in commitment to workers’ welfare.

It said that the fund disbursed increased the funds already paid to retirees under Governor Babajide Sanwo-Olu administration to over N63 billion and number of retirees paid to 19,814.

The Commissioner for Establishments and Training, Afolabi Ayantayo, disclosed this on Friday during a ministerial briefing conveyed in Ikeja to reel out the government achievements through the ministry and future plans for Lagosians.

He said: “We paid this amount to the retirees through the Lagos State Pension Commission (LASPEC) under the Contributory Pension Scheme (CPS)”.

According to him, since May 2019, a total of N63,702,967,870.37 has been paid to 19,814 retirees across various sectors like the mainstream service, local government, and parastatals.

The commissioner added that in February 2024, the sum of N3.1 billion was paid to 1,013 retirees, while in March 2024, the sum of N4 billion was paid to 1,455 retirees, and in May 2024, N4.5 billion was approved.

He further stated that Governor Babajide Sanwo-Olu has promised to systematically eliminate the backlogs’ and approved N109,913,751.48 for this adjustment to benefit pensioners from civil service, teaching service, and local government.

Ayantayo also disclosed that with the introduction of the groundbreaking Learning Management System (LMS) in 2020, the state government has been able to train over 60,000 officers in a year.

“The accelerated capacity-building programme resulted in a significant increase in the number of officers trained and retrained during the period.

“By prioritizing human capital development, the State Government has demonstrated its commitment to building a skilled, knowledgeable, and high-performing workforce capable of driving positive change and delivering effective service to the citizenry,” he explained.

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